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MVP Contest News Alert: COIL Citadel Exploration, Inc. Announces Favorable Results from the Initial Study at Project Indian Reports have been generated from the findings in the surveys and submitted to the county for review. "I am very pleased with the findings in these reports and the proposed methods to mitigate disruption to the environment, and other potential sensitive elements, are very manageable," said Armen Nahabedian, President and CEO of Citadel Exploration, Inc. "As an operator in California it is important to work closely and effectively with all local agencies that supervise drilling operations. California agencies demand the highest level of adherence to health, safety and environmental regulations. Citadel Exploration, Inc. will continue to adhere to these measures and believes that devoting extra attention to these issues in the earliest stages may benefit us greatly as operations progress," Mr. Nahabedian continued. About Citadel Exploration, Inc. Headquartered in Ojai, Calif., Citadel Exploration, Inc. (COIL:OTC:QB) COIL is an oil and gas exploration and production company with operations in the Salinas Basin of California. COIL has a broad portfolio of capital investment opportunities arising from the management's extensive knowledge of the geology and the history of oil and gas exploration and development in California, as well as a long-term presence and familiarity and relationships with other companies engaged in oil and gas industry in California. For more information on the company, visit www.citadelexploration.com . Forward-Looking Statement: Statements such as any perceived benefit from "the findings in these reports," "mitigate disruption to the environment," "very manageable," "adhere to these measures," or "may benefit us greatly," and any perceived benefit from, involve risks and uncertainties, including, but not limited to our ability to successfully drill wells and extract resources, operate without adversely impacting the environment, our ability to adhere to safety measures, or other general economic conditions which would hinder our ability to operate effectively. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions, our ability to raise sufficient funding to finance our operations, the actual findings of the survey, mitigate environmental impacts, adherence to regulations, and those set forth in reports or documents we file from time to time with the SEC. We undertake no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE: Citadel Exploration, Inc.
OJAI, Calif., Jun 06, 2012 (BUSINESS WIRE) -- Citadel Exploration, Inc. (COIL:OTC:QB), is pleased to announce that it has completed the preliminary surveys required by the County of San Benito for project Indian.
CONTACT:
Citadel Exploration, Inc. Armen Nahabedian anahabedian@citadelexploration.com 805.910.5369
Copyright Business Wire 2012
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KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Energy
Oil/Gas
SUBJECT CODE: Survey
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